Group of 77

TopiC: Building the Trade Capacity of Developing Worlds

The issue of building trade capacity in developing countries is critical for ensuring their sustainable economic development and integration into the global economy. For many nations in the Global South, limited trade capacity poses significant barriers to economic growth, hindering their ability to diversify economies, increase exports, and improve living standards. The G77, a coalition of developing nations, emphasizes the need for a supportive international framework that enhances the trade capabilities of these countries.

The G77 advocates for international cooperation, emphasizing the importance of technology transfer, capacity-building initiatives, and increased investment in human capital. The committee supports multilateral trade reforms that would provide developing nations with better access to markets and allow them to strengthen their trade-related institutions. Furthermore, the committee calls for the reform of global trade rules to ensure that they are equitable, taking into account the specific needs and challenges of developing countries.